Why Accounting is important in business?

[Syldan]

Accounting is very important in all kind of business because it's helped in keeping all the monetary and financial transactions that are carried out within an organisation and also help to know if a business is progressing or not.

 

[Shigobad20201]

In order to known the amount of income and the outgoing expenses in an organisation, accounting is needed to perfected and know if we are making progress or not.

 

[Sotherefore]

Without accounting , you may not likely be able to keep proper record of every sells and transaction that is going on in a business and it is also with the help of an accounting that help you to understand the situation of your business whether you are on profit or loss.

 

[Shigobad20201]

In order to keep the records of the sales of the company , the income and the outgoing expenses of the business, and also to know if the company is making progress or running at loss

 

[Sincerem]

In any business we do , record-keeping is very important and without record-keeping , managing a business will be stressful most especially a well standard and organised business. The function of accounting is to make all transaction and every activities in the business easier to be remembered as it will be written into books for reference purposes

 

[Shigobad20201]

For you to have a succesful business outcome , you have to make proper accounting concerning your business to know if you are falling short or you are making progress in your business.

 

[tyrim88]

The issue of accounting is something you cannot just overlook in any business,because if the books are not properlly balance in way of income and expenditure then the business is bound to fail.

 

[Good-Person]

Accounting is very important in a business, because it help one to know the performance of your business, accounting in a business help one to measure out the cost of business, accounting plays vital role in a business.
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Accounting is very important in a business, because it help one to know the performance of your business, accounting in a business help one to measure out the cost of business, accounting plays vital role in a business.

Accounting is crucial because it helps you manage and analyse the actual flow of cash and helps you to manage your cash reserves. It also enables you to create a proper financial system in the business.

 

[Sincerem]

The issue of accounting is something you cannot just overlook in any business,because if the books are not properlly balance in way of income and expenditure then the business is bound to fail.

Every business will always have a way of keeping accurate record of everything that is happening in the business directly or indirectly. That's very important. What I have come to understand is that no official business can confidently survive without keeping proper and accurate record.

 

[tyrim88]

Every business will always have a way of keeping accurate record of everything that is happening in the business directly or indirectly. That's very important. What I have come to understand is that no official business can confidently survive without keeping proper and accurate record.

Record and data keeping whether in hard copy of in digital form is what does not only shows that the business is focus,but shows the serious and deicrite nature of the owner of the business,it is a sign of character.

 

[Robust]

While accounting is very and very important in businesses because it will help you know your losses and profit and also make you to know where to adjust in your business.

 

[Shigobad20201]

Record and data keeping whether in hard copy of in digital form is what does not only shows that the business is focus,but shows the serious and deicrite nature of the owner of the business,it is a sign of character.

Accounting I the best way of knowing how long and how far you have gone in a business , through recording and data keeping , you have to know I you are making profit or loss through accounting .

 

[Smiles20]

Every single business revolves around money and that is why I continue is absolutely paramount for every business that wants to be successful. You might even need to hire a personal accountant in some cases.

 

[tyrim88]

Accounting I the best way of knowing how long and how far you have gone in a business , through recording and data keeping , you have to know I you are making profit or loss through accounting .

The backbone of any business is the money that is coming in as a result of its operations,and when things are not properlly adding up,then it will be something that will go a long way to affect the business.

 

[joy101]

Accounting is crucial because it helps you manage and analyse the actual flow of cash and helps you to manage your cash reserves. It also enables you to create a proper financial system in the business.

Yes, accounting is very good in a business because it's helps you to know if the business is moving or not, that is why is very important to have accounting in business to help you to manage the business as planned.

 

[Robust]

Accounting is very important in all kind of business because it's helped in keeping all the monetary and financial transactions that are carried out within an organisation and also help to know if a business is progressing or not.

Yeah.. with the help of accountability, a business, organisation, company or other will find the runnings more easier and straight forward even after 30 to 50 years to come.

 

[Sotherefore]

I will even advise that before a business is being established accounting department should be made the first area of the business. It is very important because this is what helps so many businesses to determine if it is progressing or is going backward..

 

[Smiles20]

Accounting is important in business because money is everything that matters and if you can be able to follow the money then you can be able to make critical decisions that will help your business.

 

[Shigobad20201]

The main reason why they normally advises business entrepreneur not to mix his or her personal money with business money is because of accountability, for you to be able to know if you are making progress or not .

 

[Lynaia]

What exactly will be business if there's no accounting with it. Some business owner can do accounting for themselves but they will still higher an accountant because they know they can be bias towards themselves. Accounting will show you how well you're doing with your business